Skip to content
Nonprofiteer
← REBOUND INC

Form 990 for tax year 2022

Filed by REBOUND INC.

Totals

Total revenue
$2,526,588
Total expenses
$2,489,981
Contributions and grants received
$1,199,993
Grants paid
$0
Program service revenue
$1,176,899
Investment income
$16
Other revenue
$149,680
Total assets, end of year
$8,636,745
Total liabilities, end of year
$3,718,511
Net assets or fund balances, end of year
$4,918,234
Program services expenses (Part IX)
$2,384,614
Management and general expenses
$70,245
Fundraising expenses
$35,122
Program service expenses (Part III)
$2,384,614

Program services were 95.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,199,993

  • 2a · Program service revenue: HOME SALES

    total $914,218 · related or exempt $914,218

  • 2b · Program service revenue: DEVELOPER FEES

    total $262,681 · related or exempt $262,681

  • 3 · Investment income

    total $16 · excluded $16

  • 11a · Other revenue: RENTAL INCOME

    total $149,680 · related or exempt $149,680

  • 11e · Other revenue, total

    $149,680

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $35,065 · program services $31,462 · management and general $2,402 · fundraising $1,201

  • 13 · Office expenses

    total $15,965 · program services $13,570 · management and general $1,597 · fundraising $798

  • 16 · Occupancy

    total $9,600 · program services $8,160 · management and general $960 · fundraising $480

  • 17 · Travel

    total $7,777 · program services $6,610 · management and general $778 · fundraising $389

  • 22 · Depreciation, depletion and amortization

    total $47,662 · program services $47,662

  • 23 · Insurance

    total $9,408 · program services $7,997 · management and general $941 · fundraising $470

  • 24a · Other expenses: PROPERTY PURCHASE AND D

    total $1,721,906 · program services $1,721,906

  • 24b · Other expenses: ADMIN EXP ALLOCATION -

    total $568,016 · program services $482,813 · management and general $56,802 · fundraising $28,401

  • 24c · Other expenses: SPONSORSHIPS

    total $34,200 · program services $29,070 · management and general $3,420 · fundraising $1,710

  • 24d · Other expenses: CONCESSIONS

    total $18,203 · program services $15,473 · management and general $1,820 · fundraising $910

  • 24e · All other expenses

    total $22,179 · program services $19,891 · management and general $1,525 · fundraising $763

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,034,784 · end of year $2,450,372

  • 3 · Pledges and grants receivable

    beginning of year $1,125,768 · end of year $450,192

  • 4 · Accounts receivable

    beginning of year $3,384 · end of year $2,986

  • 8 · Inventories for sale or use

    beginning of year $2,378,245 · end of year $4,373,613

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,830 · end of year $11,121

  • 10a · Land, buildings and equipment: cost or other basis

    $1,486,526

  • 10b · Land, buildings and equipment: accumulated depreciation

    $138,065

  • 10c · Land, buildings and equipment, net

    beginning of year $1,310,967 · end of year $1,348,461

  • 17 · Accounts payable and accrued expenses

    beginning of year $186,237 · end of year $11,206

  • 19 · Deferred revenue

    beginning of year $88,508 · end of year $626,748

  • 25 · Other liabilities

    beginning of year $1,700,606 · end of year $3,080,557

  • 27 · Net assets without donor restrictions

    beginning of year $4,881,627 · end of year $4,918,234

Mission and programs · 2022

Mission

TO CREATE POSITIVE IMPACT IN HOUSING AND ECONOMIC DEVELOPMENT, WHILE HELPING FAMILIES TO HAVE ACCESS TO AFFORDABLE, QUALITY HOUSING WITHIN OUR HISTORIC URBAN NEIGHBORHOODS.

  • TO PROVIDE QUALITY AFFORDABLE SINGLE FAMILY HOMES IN INNER CITY NEIGHBORHOODS IN LOUISVILLE AND ASSIST IN THE RESTORATION AND REHABILITATION OF HOMES. REBOUND IS WORKING TO REDEVELOP HOMES IN WEST LOUISVILLE UNDER FEDERAL CHDO HOUSING DEVELOPMENT PROGRAMS. AS A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO), REBOUND IS ABLE TO WORK THROUGHOUT LOUISVILLE METRO TO MEET ITS MISSION.

    Expenses $2,384,614 · Revenue $1,326,579

As filed on the 2022 return.

Listed in Part VII

  • ADAM HALL

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ANITA MCGRUDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CECILIA KELLY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTIE MCCRAVY

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • EBONY HARRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FAITH WEEKLY

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • JANE WALSH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JULIE JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MYRA WOODARD-SHOBE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RUSSELL GOODWIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHEILA IRVIN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • BRIGETTE OWENS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LYNDON PRYOR

    DIRECTOR

    Total calculated
    $109,320
    From this org
    $0
    From related orgs
    $98,863
    Other
    $10,457
    Hours/week
    1

  • BILL ROSS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEBORAH WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GWENDOLYN YOUNG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID TANDY

    DIRECTOR

    Total calculated
    $27,538
    From this org
    $0
    From related orgs
    $27,538
    Other
    $0
    Hours/week
    1

  • KISH C PRICE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SADIQA REYNOLDS

    DIRECTOR

    Total calculated
    $295,825
    From this org
    $0
    From related orgs
    $271,735
    Other
    $24,090
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $271,735 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $24,090 related
    Filer's total
    $0 + $295,825 related

  • KEVIN DUNLAP

    EXECUTIVE DIRECTOR

    Total calculated
    $139,444
    From this org
    $0
    From related orgs
    $116,409
    Other
    $23,035
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
SADIQA REYNOLDS, KISH KUMI PRICE, AND LYNDON PRYOR'S COMPENSATION AND BENEFITS ARE SET BY THE LOUISVILLE URBAN LEAGUE'S BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202431359349309788

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.